BitMidas

BitMidas

We are going to add ETH analysis into our portfolio once per week. Please refer to the chart for target points. Hope it helps.

BitMidas

BTC is still in consolidation, breaking up $23743.41 will end the consolidation and go up against $27746.31. Breaking down $21747.08 will prolong the consolidation. The support of the short-term bulls has diverted to $21747.08 at the beginning of a mid-term consolidation. The strength of bulls and bears is yet to break even. The crucial range this week is...

BitMidas

BTC didn’t manage to break up $24716.60 and fell back into consolidation before any rally. The support of the short-term bulls has diverted to $21704.65. Now is it in mid-term consolidation within a long-term downward trend. The crucial range this week is between $25809.47-$21595.96. The key support of the month is between $18300.41-$17708.48. The data of...

BitMidas

Yesterday market confidence was boosted and was looking to break up $23536. Today it’ll test $23034.32 and confirm the breakout before heading towards the next resistance. BTC follows a short-term relief rally, but the long-term movement has not changed. The short-term support is at $21788.18; key support diverted to $20904.25. The key support of the month...

BitMidas

Yesterday $21005.51 held the price and BTC went up, breaking the key support and building up strength to break up the turning point. Today the turning point is $23536.82. The market priced in the 75bp interest rate hike. Powell boosted the market confidence by acknowledging that ‘the pace of rate hikes could slow at some point’. Short-term movement is between...

BitMidas

Yesterday BTC held $20746, but it’s not holding steadily. Today only by confirming the support of $20746 and continuing to break up $22413.35 could bulls retain the momentum. $20746 is the short-term support, breaking down from which brings the market into a negative movement towards the lower edge of the box and key support of the month. $22413.35 is the key...

BitMidas

Yesterday we mentioned BTC fell down and consolidate, today it’s running in the box and is testing the key support area of $20900-$20746. If $20900-$20746 were broken, it will keep falling to test the lower edge of the box and the key support of the month. The key support of the month has diverted to $18317.41, which either holds and sees the price jump up to...

BitMidas

BTC didn’t hold the key support of the box and fell back into the consolidation range. It runs between $24800-$20959.25. Breaking up the resistance will surge higher; breaking down the support will end the bullish momentum and it turns negative. The short-term key supports are at $21492.96; $20959.25; the key support of the month diverts to $18617.36. Fed’s...

BitMidas

Yesterday BTC held the support and is ready to challenge the resistances above. The key resistance above is $24675.62. 2-week core resistance is at $28227.07. The pull-back supports are between $22655.04-$22267.40. If these supports are not broken down, BTC will go up against the resistance above. If supports are broken, it will come back to consolidate. The...

BitMidas

After pulling back around the turning point, BTC rallied up against the next key resistance yesterday and failed. Today the key resistance is at $24698.83. BTC will come back again and test $22700. If it holds the line, $24698.83 will be the next target. If it breaks down into the box again, the short-term supports are $21382.70; $20825.47. The key support of...

BitMidas

Supports keep moving up and BTC is trying to establish support at the top edge of the box. BTC is trying to confirm the breakout within the 3-day time frame. Today if the top edge of the box is not broken, it will go up against $24692.22, or else it’ll consolidate again within the box. Monitor the oscillation zone around $23000, between $23101-$22733. Both...

BitMidas

BTC broke out the upper line of the box. Confirmation is needed for keeping above it for 3 days. Short-term bull rally aggressively. The turning point is changing fast and the supports level up. The macro expectation of adding interest rate is still high and the cryptos are going against this force. If the market could stand the interest rate hike on July...

BitMidas

BTC is still in the downward channel. Heavy capital is tied up at $21693, which then develops into the center of the downward channel. The box range: $22733.13-$18789.23, centering $20401.13 $22733.1 is the higher edge of the box and a small turning point of the movement. Before that, $21693.68 is the short-term key resistance, which acted precisely as a...

BitMidas

The box and consolidation triangle in the downward channel are compressed, cultivating a large breakout. The triangle nearly overlaps with the box , together forming the range: $22733.13-$18813.62; center: $20523.41. Today the opening price holds the center but is not stable. It’ll come up and down around the center to test if the center could be a solid...

BitMidas

$BTC survived the CPI stats for the moment, the key support of the month went back to 18k. BTC still runs within the box and forms a consolidation triangle in the downward channel. The range has narrowed down to an extent of breakout. The box: $22673.01- $18813.62 The key support of the month pulls back to $18069.09, which would be either so strong as to kick...

BitMidas

BTC still runs within the box and forms a consolidation triangle in the downward channel. Monitor now the lower edge of the box, breaking down from which cause a further slide. The box: $22653.20 - $18698.35 The key support of the month slipped to $17848.49, breaking down from which lead to a slump. Congestion range: $22057.39-$18698.35 (the first range to...

BitMidas

BTC still runs within the box and forms a consolidation triangle in the downward channel. BTC broke the center, which turns into resistance, so monitor the low edge of the range. The box: $22707.79~$18813.62 The key support of the month is $18215.39, diverted point at $17998.21. Congestion range: $22140.46-$19020.57 (the first range to breakout), centering...

BitMidas

BTC still runs within the box and forms a consolidation triangle in the downward channel, cultivating a breakout. The box range: $22748.38~$18835.04 The key support of the month has diverted to $18215.39 Congestion range: $22140.46-$19020.57 (the first range to breakout), centering $20363.13. If the price stays above the center, it’s turning upwards and vice...